The Blue or Red Pill: The Future(s) for DePIN
Introduction: A Fork in the Road In the previous installments of this series, we journeyed through the initial excitement surrounding Decentralized Physical Infrastructure Networks (DePIN) – the grand vision of democratized, community-owned physical infrastructure (Part 1) – and contrasted it with the often sobering reality of current implementations, marked by pseudo-decentralization, flawed governance, and extractive tokenomics (Part 2). The critique, while necessary, paints a picture of a sector potentially squandering its revolutionary promise, risking becoming yet another playground for familiar patterns of centralized control and VC-driven speculation.
Read More
The Reality of DePIN: Promise vs. Practice
Introduction Brief overview of DePIN (Decentralized Physical Infrastructure Networks). The promise of decentralization and the revolutionary potential of DePIN projects. Introduction to the main argument: DePIN projects, on closer inspection, may reveal themselves to be pseudo-decentralized ponzi schemes. Understanding DePIN: The Vision and Promise
Read More